Chinese President Xi Jinping pledges greater opening-up in meeting with business leaders

Chinese President Xi Jinping plans to further broaden market access and expand imports as China pursues a higher quality of openness.
Chinese President Xi Jinping plans to further broaden market access and expand imports as China pursues a higher quality of openness. PHOTO: REUTERS

BEIJING (CHINA DAILY/ASIA NEWS NETWORK) - Chinese President Xi Jinping has pledged to continue to broaden market access and expand imports as part of the country's efforts to pursue a higher quality of openness.

Xi made the remarks on Thursday (June 21) while meeting with global business leaders at the Diaoyutai State Guesthouse in Beijing.

This year marks the 40th anniversary of China's reform and opening-up. Xi said the business leaders at the meeting had contributed to and benefitted from the Chinese policy. Foreign capital, he said, had played an important and positive role in the reform process, adding that China's door will not close, but open even wider.

He said China would continue to ease restrictions on market access, create a more attractive environment for investment, take more measures to protect intellectual property and establish an easier and more orderly environment for domestic and foreign investors.

In the past four decades, China had experienced great changes as its economy had grown rapidly, helping to lift 700 million people out of poverty by United Nations  standards, Xi said. Opening-up, he noted, had been the key to China's development. The president encouraged international companies to cooperate with Chinese enterprises. 

Touching on the global economy, Xi said trade protectionism had risen. Likening the international community to a global village, he said countries should not engage in zero-sum games. He added that international rules should be jointly written by all countries, with the fruits of development to be shared by all.

Xi said economic globalisation had made important contributions to the world economy's development, and had become an irreversible historical trend. The international community should take a path of reform, opening-up, innovation and development rather than a backward way of stubbornness, protectionism and unilateralism, Xi added.

China, he said, will continue to play the role of a responsible major country, proactively participate in the reform and construction of the global governance system, and inject Chinese power to the reform of the global governance system.